(8)Credit rating agencies should, on a voluntary basis, apply the Code of Conduct Fundamentals for credit rating agencies issued by the International Organisation of Securities Commissions (IOSCO Code). In 2006, a Communication from the Commission on credit rating agencies 11 invited the Committee of European Securities Regulators (CESR), re-established by Commission Decision 2009/77/EC 12, to monitor compliance with the IOSCO Code and report back to the Commission on an annual basis.
◷
New version applies from 21/07/2011 — introduced by Alternative Investment Fund Managers Directive (AIFMD).
81 provisions change.
Later versions: 20/06/2013, 23/05/2014, 21/06/2015, 01/01/2019, 09/01/2024, 17/01/2025.
Recital 8 changes in this version: compare with the current text.